Overview
- Spencer Pratt posted photos of a private meeting with President Trump at an RNC event and wrote that they are “working with the President on a 25% FEDERAL film tax credit” to bring production back to Hollywood.
- News outlets contacted the White House for details and received no substantive confirmation about any agreement or plan discussed between Pratt and the president.
- Longstanding industry and political advocates, including guilds and Sen. Adam Schiff, have pushed for a federal film and TV credit, but several industry sources said they do not see Pratt as part of the established coalition backing that effort.
- Observers and reporters say the policy push has repeatedly stalled and faces slim odds of near-term movement in Congress before the fall midterm campaign season.
- The proposal responds to years of lost jobs and projects in Los Angeles caused by high costs, consolidation, strikes and competing incentives abroad, and any federal credit could materially affect where studios choose to shoot and where below-the-line workers find work.